Media Release 17th July 2023
Geneva Managing Director Retires
David O’Connell, the Managing Director of Geneva Finance Limited, advises that he is retiring from Geneva, effective 11th August 2023, to pursue personal business interests and spend more time with his family. Mr Malcolm Johnston (serving on the Geneva board since February 2020) will take over as Managing Director, for an interim period as the board works through various options.
David who has been at the helm of Geneva since the company was in moratorium (2008) has steered the business to where it is today and notes; “Geneva is in a very good place, with a strong executive team and both the Insurance and lending operations, In particular, now experiencing very good growth. I have every confidence that under Malcolm’s leadership the team will capitalise on this to further enhance and grow shareholder returns and value.
Finally, I want to take this opportunity to thank all the staff at Geneva who have contributed to the achievements of the company to date.”
ends
[email protected]
The S&P/NZX 50 Index closed at 12,904.11, up 149.96 points or 1.18%.
Cost savings were behind the decision to delist, the company says.
Partnership with TA Associates tipped to accelerate Craigs' growth.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details